Freelancer Limited (FLN) Q3 2024 Earnings Call

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WEBVTT 00:00:00.183 -- 00:00:05.310 Hello and welcome to the Freelancer Limited third quarter of 2024 financial results presentation. 00:00:05.310 -- 00:00:09.195 My name is Matt Barry. I'm the Chief Executive Chairman of Freelancer Limited. 00:00:09.195 -- 00:00:13.662 Today with me in the room, I have Neil Katz, Chief Financial Officer, Colin Wisniewski, 00:00:13.662 -- 00:00:18.849 who runs the low-chef division, August Pial, who runs escrow, Andrew Bateman on my right, 00:00:18.849 -- 00:00:23.415 who runs the enterprise division and product, along with Adam Burns, who's the VP of 00:00:23.415 -- 00:00:28.434 Product and Growth. As per usual, after the call, we'll do Q&A and you can direct your 00:00:28.434 -- 00:00:32.515 questions to either myself or any of the executives in the room. 00:00:32.515 -- 00:00:38.921 Today, France delivers GMV for the third quarter of $279.8 million, 00:00:39.665 -- 00:00:44.351 which was up 25.9% on the prior corresponding period. 00:00:44.351 -- 00:00:49.117 The France GMV was $32.8 million, which was down slightly at $3.8 million on PCP. 00:00:49.117 -- 00:00:54.081 The escrow GMV was $247 million, up 31.2% on PCP. 00:00:54.184 -- 00:01:00.209 Group net cash receipts was $14.2 million, up 3.9% on PCP. 00:01:02.114 -- 00:01:05.499 at 4.3% on PCP. 00:01:05.499 -- 00:01:09.946 The escrow cash receipts were 3.3 million at 44.9% on PCP. 00:01:09.946 -- 00:01:14.032 The group achieved positive NPAT for the quarter. 00:01:14.032 -- 00:01:19.260 Escrow actually is on track for its fourth year in a row of positive earnings. 00:01:19.260 -- 00:01:24.147 We had positive net operating cash flow of 2.3 million for the quarter, which was up 00:01:24.147 -- 00:01:28.454 fairly substantially on last year. And year-to-date, we have positive oper...